ICO LIVE- ERRL address-
-1 ETH= 700,000 ERRL COINS AND 0.35ETH
-600 BILLION ERRL COINS Maximum
-1 TRILLION ERRL COINS SUPPLY
BUY TOKEN ADDRESS IS: 0x8890be715f928e89382a7b11d48d48d1a67ec7e8
REAL USEABLE 420 CANNABIS COIN
IN CANADIAN RETAIL CANNABIS MARKET - 420 ERRL COIN
WHY 420 ERRL COIN AS AN INVESTMENT?
We start with the investment presentation first to project the potential growth in the value of the 420 ERRL coin once listed.
From the statistics gathered and listed below based on the retail cannabis model in Canada, the daily revenue generated in sales of the legal cannabis at outlets will be 100% converted to 420 ERRL Coin, meaning, that the offer price of the 420 ERRL Coin on exchange will be the price the Canadian cash is exchanged at.
As revenues should approximate $400,000 daily per retail outlet, if the full 600 billion ico is complete, the 300 billion float of 420 ERRL Coin will be acquired to convert the revenues into 420 ERRL Coin.
The model of the 420 ERRL Coin is that customers arrive with cash, for anonymity reasons, or credit or debit card, and the transaction is first converted to 420 ERRL Coin then the 420 ERRL Coin is converted to the cannabis choice of the customer.
This level of transaction is to avoid possible non acceptance of the cash sales from legal retail cannabis outlets by Canadian banks. The banks may refuse cash revenue from legal cannabis outlets due to the fact the USA federally does not acknowledge the Cannabis is legal even though several States have approved Cannabis for public use. The USA has refused entry to businessman who have appeared as investors in legal Cannabis operations based in Canada.
The 420 ERRL Coin also will appreciate in value as more retailers not owned by 420 ERRL Coin accept the coin as true cannabis coin for transactions in Canada and the world.
420 ERRL COIN A REAL USEABLE CANNABIS COIN FOR THIS REASON.
After October 17, 2018, Canada’s new Legislation allowing recreational cannabis sales at Provincial government run retail shops, and at private retail shops approved by Local governments, after strict vetting by Provincial government authorities, will commence.
The Retail shops will carry various priced strains of cannabis, from current Canadian medical cannabis producers, many that are publicly traded with stock capitalizations in the billions of dollars. For example, Canopy Growth (“WEED”), TSX symbol T-WEED, has a market capitalization on 9-28-2018 of $14+ BILLION CDN.
RETAIL CANNABIS BOOM
The retail shops will allow all Canadians and tourists to Canada, access to legal cannabis. as long as the minimum age requirement are met, and a maximum of 1 ounce, or 32 grams, of cannabis per day per customer purchased. Using WEED’s financial statement projections, the minimum price for cannabis appears to be CDN$6/gram, with the daily 1 ounce maximum per person being CDN$180/day/person allowed. However, a recent survey by DELIOTTE and released in a survey assessment suggests the retail cannabis may approach $8.62 per gram.
SEVERE ISSUES REGARDING RETAIL CANNABIS
Several issues on legalization have been publicly acknowledged and also many private issues have arisen mainly anonymity, legal tender, supply.
Being an anonymous purchaser is a major issue for the first few years of retail cannabis. There are several reasons for this since many professionals and many law enforcement professionals use cannabis and demand anonymity for fear of future legalization developments.
These reasons include the fact the Canadian government that has approved the Legislation goes to election in Fall 2019 as required by Law. With this fact, the opposition party, has been vehemently opposed to the legalization of recreational cannabis, and proposed that names be collected of all medical users and names of every shareholder of cannabis producers be collected, obviously to impose penalties later if and when the opposition party takes power and retroactively abolishes the legalization of cannabis.
The fear is exposing oneself to future prosecution or shamed, if a new anti cannabis government is elected, so the solution is anonymity.
Another reason for anonymity is individuals can be refused entry into the United States of America if the USA authorities use the information they have access to including credit card purchase information.
GOVERNMENT CANNABIS RETAILERS WON’T ALLOW ANONYMITY
Anonymity is important so cash transactions will be preferred by retail cannabis customers. The anonymity issue also will result in less customers at Provincial government run cannabis retail outlets for this reason, the Provincial government run retailers will demand identification is recorded and that cash purchases be frowned upon due to possible money laundering thru the facilities.
CASH WILL BE 99% OF TRANSACTIONS
With anonymity being the important factor, cash at non- government run retail cannabis outlets will prevail. Problems with this are, a receipt still has to be issued to the purchaser, and will require some sort of identification recorded, and the vast amounts of cash will not be accepted at any bank or credit union or financial institutions as materialized in the USA when State governments approved legalization but with banks under Federal Legislation.
In Canada, with the USA strict stance, any bank accepting even legal cannabis accrued cash or revenue, the USA can target executives of the Banks or employees also.
THE SOLUTION IS 420 ERRL COIN
With retail outlets owned by 420 ERRL COIN, the procedure for sales will be this. On entrance, id is checked as per the minimum age requirement.
The cannabis strains listed with prices on large tv monitors outside the retail outlet and inside the outlet will be visible allowing customers time to determine amount of cash they will spend for desired cannabis strains.
A cash exchange to 420 ERRL COIN, where the cash is tendered on checking of identification, by converting the cash to purchase of 420 ERRL COIN on ETHEREUM.ORG quotation will be first step in customer completing purchase.
The amount of coin received is still a Canadian equivalent that will purchase the same amount of cannabis everyday as the prices are set. The 420 ERRL COIN quotation however should increase over time, with the more transactions completed each day, weekly, monthly and also with the increase of more retailers implementing the use of the 420 ERRL Coin in daily business to handle the cash transactions as once customers word of mouth of the ease of purchasing with cash at 420 ERRL COIN retail cannabis outlets, more customers will use 420 ERRL COIN retail outlets.
Once the customer receives the 420 ERRL COINS in store they will complete the purchase of cannabis in exchange for the 420 ERRL COINS.
ASSETS OF 420 ERRL COIN
ASSETS include, over 10.7 million square feet of lands in Italy for application for permits and licence to grow medical cannabis. WEED’s facilities for medical cannabis are less than 3 million square feet, which is acknowledged as the current largest supplier of cannabis to government.
Other land acquired, will include room for new facilities, if permits and licences applied for, to process the grown medical cannabis and or hemp are approved.
There is no guarantee the permits or licences will be approved. If not approved, then funds raised in the ICO will be used to purchase medical cannabis production facilities in CANADA and other retailers throughout CANADA to implement more usage of the 420 ERRL COIN.
There will be non-cannabis retail outlets purchased and converted to be 420 ERRL COIN retail cannabis outlets, and applications filed for licence and permits to retail recreational cannabis, which will include medical strains.
There is no guarantee that permits or licences will be issued, however with funds from ICO, any other approved retail outlets will be purchased.
To guarantee supply, 420 ERRL COIN with ICO funds and as price quotation grows, cash growth will allow for purchase of cannabis suppliers in CANADA and worldwide.
DAILY SALES PROJECTIONS CONVERTED TO 420 ERRL COIN
From the statistics on the home page, that were compiled from 2015 statistics. Each retail cannabis outlet should average initially, $612,000 in daily sales. This total was obtained from the 240 pounds per day in Cannabis sold by all retailers in Vancouver in 2015 to very limited client list. This was from clients who actually went to a doctor to get a prescription then placed the prescription with a dispensary that was legal, this total does not include illegal sales in 2016. Each retail cannabis dispensary should hit this daily target if supply is available.
This amount will be converted to the 420 ERRL COIN to transact the sales. If 30 retailers Canada wide are established or purchased, that daily sales volume will total $18.36 million in daily sales and in daily conversions to 420 ERRL COIN. In 10 days, the total 300 Billion ICO value will be transacted, in one year, over $6.356 BILLION CDN in sales and conversions would occur.
The cash values seem large, it may be that the Deliotte projected per gram value is high and even the lower end, $6/gram may seem high, as more supply and more retailers should lower the $value/gram. From the statistics the above is projected.
600 Billion ERRL coins offered.
1 Ether purchases 700,000 ERRL coins and 0.35 Ether is returned to purchaser.
for each ERRL coin purchased the founders receive 1 ERRL coin.
10.7 million square feet of land in Italy for legal medical cannabis and hemp production subject to licences or permits plus land for processing facilities subject to licences and permits .................. 16 billion ERRL coins
coin developers................................................2 billion ERRL coins
purchase of land for retail outlets and conversion to cannabis retail outlets and purchase of existing legal cannabis retailers.......60% of ICO funds
purchase of legal product for retail
through government agency..................................25% of ICO funds
for emergency funds or permitting costs..............15% of ICO funds
600 Billion maximum ICO with 1 Trillion supply.
GROW WITH A REAL USEABLE MARKETABLE 420 COIN – 420 ERRL COIN